G-Smatt Global Co., Ltd. (KOSDAQ:A114570) announced a private placement of 9th series unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 12,100,000,000 on June 3, 2020. The transaction will include participation from new investors Sangsangin Savings Bank, Investment Arm for KRW 3,500,000,000 and Sangsangin Plus Savings Bank, Investment Arm for KRW 8,600,000,000. The bonds will mature on June 3, 2023. The bonds bear a coupon rate of 2% and yield to maturity of 7%. The bonds are fully convertible into 19,516,129 common shares at a conversion price of KRW 620 from June 3, 2021 to June 3, 2023. The transaction has been approved by the board of directors of the company.